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John Turney
Traders Magazine Online News

Foreign Exchange Infrastructure: Yesterday, Today and Tomorrow

In this exclusive to Traders Magazine, John Turney, Global Head of Outsourced FX at Northern Trust, discusses the evolution of the fx infrastructure and what is to come.

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January 21, 2010

Cover Sidebar: Power Hungry

By Peter Chapman

Wall Street analysts are bullish on another of Nasdaq's new initiatives--the N2EX British wholesale power exchange. The trading platform is owned by Nasdaq, through its Nasdaq OMX Commodities power derivatives clearing unit, and a Norwegian company called Nord Pool. The market will initially trade and clear U.K. industrial electricity contracts. It will later add trading in financial futures contracts on those instruments. Nord Pool has operated a similar facility in Europe's Nordic region for 15 years and is the largest of the approximately two dozen power markets operating in Europe. Analysts at Goldman Sachs see N2EX adding about $10 million per quarter to Nasdaq's revenues.

 

See Cover Story:

Weathering the Storm 

 

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